Carrier Global Corp (CARR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,349,000 | 3,534,000 | 1,664,000 | 1,982,000 |
| Revenue | US$ in thousands | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Net profit margin | 6.29% | 16.09% | 8.20% | 10.84% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,349,000K ÷ $21,458,000K
= 6.29%
Carrier Global Corp's net profit margin has exhibited fluctuations over the past five years. The net profit margin was highest in 2022 at 17.31%, indicating that the company generated $0.17 in net profit for every dollar of revenue. However, there was a significant decline in the net profit margin in 2023 to 6.10%. This suggests that the company's profitability relative to revenue decreased substantially in 2023 compared to the previous year. The net profit margins in 2020, 2021, and 2019 were 11.35%, 8.07%, and 9.54%, respectively. Overall, the trend in net profit margin indicates that the company has experienced variability in its profitability performance over the years.
Peer comparison
Dec 31, 2023